DRIV Stock Summary and Trading Ideas (Global X Autonomous & Electric Vehicles ETF | NASDAQ:DRIV)

The Global X Autonomous & Electric Vehicles ETF (DRIV) seeks to invest in companies involved in the development of autonomous vehicle technology, electric vehicles ( EVs ), and EV components and materials. This includes companies involved in the development of autonomous vehicle software and hardware, as well as companies that produce EVs, EV components such as lithium batteries, and critical EV materials such as lithium and cobalt.

Global X Autonomous & Electric Vehicles ETF trades on the NASDAQ stock market under the symbol DRIV.

As of April 17, 2024, DRIV stock price declined to $22.91 with 108,648 million shares trading.

DRIV has a beta of 1.54, meaning it tends to be more sensitive to market movements. DRIV has a correlation of 0.65 to the broad based SPY ETF.

DRIV has a market cap of $550.07 million. This is considered a Small Cap stock.

In the last 3 years, DRIV stock traded as high as $32.37 and as low as $18.91.

DRIV has underperformed the market in the last year with a price return of +1.2% while the SPY ETF gained +23.0%. DRIV has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -0.1% and -5.9%, respectively, while the SPY returned +5.7% and -3.5%, respectively.

DRIV support price is $22.76 and resistance is $23.40 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DRIV stock will trade within this expected range on the day.